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The AUD/JPY cross attracts fresh buyers following a modest Asian session dip to the 111.80 area on Tuesday and turns positive for the seventh consecutive day. Spot prices, however, remain below last week’s swing high and currently trade around the 112.15-112.20 region, up nearly 0.15% for the day. The Japanese Yen (JPY) continues with its […]
The EUR/JPY exchange rate is holding around 180.25 at the start of the European session on Monday, consolidating after a sharp recovery from the September lows. Trading conditions are thinner than normal because Japanese markets are closed for a three-day holiday, while traders remain alert to the possibility of Japanese authorities intervening to support the […]
The Japanese yen consolidated around 157 per dollar on Monday, after losing more than 2% last week, as traders remained alert to the possibility of renewed Japanese currency intervention during a holiday-shortened trading session. Japanโs markets are closed for a three-day holiday, reducing liquidity and potentially increasing the sensitivity of USD/JPY to official comments or […]
The Japanese yen staged a sharp recovery against the U.S. dollar on Friday, reversing a substantial portion of its earlier losses after reports that Bank of Japan officials had been checking yen prices with market dealers. The move came after the Bank of Japan raised its policy rate from 1.00% to 1.25%, but the yen […]
USD/JPY enters Monday trading with the US Dollar firmly supported against the Japanese Yen after the pair surged 0.63% on Friday and reached a daily high of 158.06 before pulling back toward 156.95-156.98. The Japanese Yen weakened despite the Bank of Japan (BoJ) raising its policy rate by 25 basis points to 1.25%, its highest […]
Key statements by Ueda during the press conference following the BOJ’s decision to hike rates: Maintaining a hawkish stance and refusing to yield to dissent within the board were interpreted by the market as a clear signal that further rate hikes are inevitable. In response to the BOJ Governor’s remarks, the Japanese currency is trimming […]
The Bank of Japan did exactly what the market expected, raising the interest rate by 25 basis points to 1.25%, the highest level since 1995. In a textbook scenario, such tightening should support the currency. Meanwhile, the yen reacted with a weakening, and the USDJPY pair dynamically returned above the 157 barrier. This is the […]
The Japanese yen weakened toward 157 per dollar on Friday, falling to a two-week low despite the Bank of Japan raising its policy rate by 25 basis points to 1.25%. The increase was widely expected and lifted the BOJ policy rate to its highest level since 1995, but investors are now looking beyond the rate […]
Today Markets Analysis: The Japanese yen remained under pressure on Thursday, trading around 156.1 per US dollar after three consecutive sessions of losses, as a stronger US dollar following the Federal Reserve’s latest rate decision temporarily outweighed expectations for further monetary tightening from the Bank of Japan. The Federal Reserve raised its benchmark interest rate […]
Today Markets Analysis: The Japanese yen weakened past 155 per dollar on Wednesday, extending its decline for a third consecutive session as traders positioned for an expected Federal Reserve rate hike. A stronger US dollar has increased pressure on the yen, while higher oil prices are adding another headwind by raising energy import costs for […]
